Kean will have input in transfers December 15, 2010 FOOTBALL: Blackburn caretaker manager Steve Kean will have the final say on any signings during the January transfer window, according to the club’s owners. Venky’s group chairwoman Anuradha Desai denied that Rovers’ transfer policy is being set by an external agency and confirmed Kean will oversee any decisions. She said: “He [Kean] knows the players best [...]
LEGAL CASES STEMMING FROM OIL SPILL December 15, 2010 The US Department of Justice yesterday joined the hundreds of lawsuits that have been filed as a result of the Gulf of Mexico oil spill, the largest in US history: TYPES OF LAWSUITS – The vast majority are for economic losses filed under the Oil Pollution Act, seeking to recover lost wages or damage to [...]
Britain’s best drafted in to run Whitehall December 15, 2010 THE Cabinet Office yesterday published a list of top business leaders who have been appointed as non-executive directors to sit on Whitehall boards. The appointments are designed to ensure the government operates in a more business like manner and are the brainchild of Cabinet office minister Francis Maude and Lord Browne, the recent author of [...]
Auditor refuses to sign off on MPs’ expenses December 15, 2010 THE auditor general refused to sign off MPs’ expenses accounts for last year yesterday citing concerns over nearly £14m of payments. Amyas Morse carried out a “full scope audit” of £98.1m expenses paid in 2009-1 – the year of the expenses scandal. The audit found the House of Commons authorities had failed to obtain receipts [...]
BOTTOM LINE December 15, 2010 SIMON’S pursuit of CSC has been a textbook example of how not to handle a takeover bid. First it said it would bid for CSC on the precondition it did not purchase the Trafford Centre (providing all sorts of reasons for why it was a bad purchase); then it offered to finance the acquisition of [...]
CSC fends off Simon’s £3bn takeover bid December 15, 2010 US property giant Simon tried to push Capital Shopping Centres (CSC) into scrapping its £1.6bn purchase of the Trafford Centre yesterday with a £2.9bn indicative offer for the entire company. CSC rejected the 425p-per-share proposal after an emergency board meeting yesterday, claiming the move was “yet another attempt by Simon to frustrate the Trafford Centre [...]
Moody’s warns on Spain’s debt rating December 15, 2010 Moody’s yesterday warned that it had put Spain on review for a downgrade on its sovereign debt due to its refinancing needs over the next year. But the ratings agency added that it does not expect the country will need a bailout, saying it “does not believe Spain’s solvency is under threat”. Spain will need [...]
GREEK STRIKES December 15, 2010 GREEK unions grounded flights, kept ferries docked at ports and shut down public services yesterday to protest wage cuts as the Athens government continues to stick to the conditions of its international bailout.
UK to be free of bailout commitment from 2013 December 15, 2010 CHANCELLOR George Osborne has said that Britain will be free of its commitment to fund Eurozone bailouts by 2013, even as the European Council (EC) meets today to negotiate the legal basis of a permanent bailout fund. The EU summit comes as the Irish parliament voted yesterday to accept the terms of the €85bn (£72bn) [...]
Job cuts rise as tightening begins to bite December 15, 2010 UNEMPLOYMENT rose in the three months to October as government job cuts took their toll, official data showed yesterday. Unemployment crept up to 7.9 per cent, the highest rate in six months, representing an increase of 35,000 people to 2.5m in total. The news came from the Office for National Statistics (ONS), which also announced [...]
